How will loan repayment work if I’ve borrowed FFELP and Direct Loans?
When you go into repayment, you will have to make two separate payments to both your FFELP lender and U.S. Department of Education unless your FFELP loan has been sold to the Department of Education. You do have the option to consolidate with the Direct Loan program so that you will have only one monthly payment. You can begin the process of consolidating your loans here.
Related Questions
- Can I consolidate my Federal Family Education Loan (FFELP) Program loans with my Federal Direct Loans under the same repayment plan?
- What is the difference between the Family Federal Education Loan Program (FFELP) and Direct Loans?
- What is the maximum loan amount and repayment time for LOANs given by DMFB?
